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New Zealand Superannuation Fund

NZ Super Fund reverses loss on global equities rally

NZ Super Fund reverses loss on global equities rally
A large rally in global equity markets helped boost the New Zealand Superannuation Fund's performance last month, reversing August's loss with a gain of $990 million.

Rejected SCF bids cost taxpayers, says Cunliffe

Rejected SCF bids cost taxpayers, says Cunliffe
Wellington, Oct 14 NZPA - Labour finance spokesman David Cunliffe says decisions made to reject bids for South Canterbury Finance (SCF) means the cost to taxpayers has been between $300 million and $500 million too much.

NZ Superfund has negative return in August

NZ Superfund has negative return in August
Wellington, Sept 23 NZPA - The New Zealand Superannuation Fund's 60 percent exposure to global equities has cost it in August, helping produce a $230 million loss in the month.

Guinness Peat Group appoints four new directors

Guinness Peat Group appoints four new directors
Wellington, Sept 22 NZPA - Guinness Peat Group has appointed four new independent non-executive directors to its board. Mike Allen, Rob Campbell, Mark Johnson and Gavin Walker join the now seven-person board, the majority independents, and non-executive directors.

Greenstone raises $147 million in bond issue

Wellington, Sept 20 NZPA - Greenstone Energy Finance Ltd has raised $147 million from its bond sale to pay down bank funding when it acquired assets from Shell in April.

Savings working group won't deliver answers, Labour says

Savings working group won't deliver answers, Labour says
Wellington, Aug 25 NZPA - The Labour Party is calling for "bold action" to improve New Zealand's savings rate and says setting up a working group to investigate options won't deliver answers.

Govt wants Kiwis to increase savings with no incentives

Govt wants Kiwis to increase savings with no incentives
By Kate Chapman of NZPA Wellington, Aug 24 NZPA - The savings working group faces what appears to be an insurmountable challenge -- finding a way to convince cash-strapped New Zealanders to put more of their hard earned money into a bank account.

Super fund returns 4.76 pct in July

Super fund returns 4.76 pct in July
Wellington, Aug 23 NZPA - The New Zealand Superannuation Fund recorded a gain in July after two months of negative returns, as equities markets improved.

Business sector warming to compulsory savings

Business sector warming to compulsory savings
Wellington, Aug 17 NZPA - The business sector appears to be gradually warming to the prospect of being involved in compulsory retirement savings schemes.

Greenstone Energy confirms $100m bond issue

Greenstone Energy confirms $100m bond issue
Wellington, Aug 13 NZPA - Greenstone Energy, which took over the Shell retail and distribution business in April, confirmed a $100 million bond issue to repay bank debt.

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